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 4/10 Good --- dealbreaker.com http://dealbreaker.com/index.xml
| A Wall Street Tabloid - Business News Headlines and Financial Gossip ... |
Tuesday, May 13, 2008 --- 72 days ago http://dealbreaker.com/2008/05/opening_bell_51308.php
 Wal-Mart Reports Record First Quarter Sales and Earnings
Hey! Look at that. People still buy stuff. Even those who aren't in the Whole Foods Prius set. Wal-Mart reported a record first quarter and said sales were up 10 percent year-over-year. And it'd been awhile since we'd closely watched WMT's share price, but there it is, knocking on its 52-week high. Perhaps the pool of those who would deign to step into a Wal-Mart has been growing, though we're loathe to call anything defensive, or anti-recessionary.
Losses at XM and Sirius as They Pursue a Merger (Reuters)
XM and Sirius really need to stop competing with each other. Approval from the FCC and a subsequent merger wouldn't eliminate competition -- after all there's regular radio, HD, radio and iPods. But they're still killing each other on the off chance that they may not be allowed to get married. Both continued the tradition of heavy losses yesterday, although Sirius is obviously the strong one, having posted much higher growth and lower costs. But again, still not even close to profitability.
Société Générale’s First-Quarter Profit Drops 23.4% (NYT)
It's been rough at Soc-Gen but it could be worse. At least analysts had been looking for something a bit worse than what the battered bank reported. At least they made a profit, for one thing, which can't be said for all of its peers. And at this point, the Kerveil thing seems to be ancient history. Good for them. T ... |
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